New Approaches For Storage As Viable Cost-Effective Measures For Utility-Side Solutions: PSEG Long Island

PSEG Long Island plans to analyze all new capital projects for feasibility of utility side non-traditional solutions.  Presently, storage suffers in these analyses due to high cost. PSEG Long Island is interested in receiving proposals on unique business models and approaches which will serve to reduce overall utility costs which PSEG Long Island should use in its modelling such measures could reliably be counted on to materialize if chosen as an alternative approach to traditional construction.

This opportunity is specific to utility applications of storage. PSEG Long Island has a similar opportunity related to customer-sited storage.

Reliably increase the cost effectiveness and feasibility of storage options as mitigation measures for utility side non-traditional alternative screening.

Proposals here should be focused on providing utility side larger scale cost effective solutions.

PSEG Long Island’s Utility 2.0 filings identify some locations that have been considered in the past.

PSEG Long Island seeks initial input and demonstrated feasibility on actual solutions and models that meet these objectives.  It is anticipated that during the upcoming year these inputs would support Distribution planning analysis which may eventually result in an actual solicitation and/or pilot projects to demonstrate the cost-effective solution.

Unique business models and/or trade ally partnerships which can be reliably counted upon to be resultant solutions in an utility side solution at the cost levels modeled.

PSEG Long Island is open to considering different ownership models, including, but not limited, utility-owned, third-party-owned, joint or flipped ownership, etc.

If proven, business models determined from this Innovation Sprint could be expanded to all future NWA analyses

Under this opportunity, PSEG Long Island is not considering customer-sited solutions – please see the other opportunity related to this interest.

Ideas submitted to this opportunity will help PSEG Long Island in supporting their portion of NY State’s energy storage goals by animating the market for new storage resources. This will also support system wide efficiency by using storage for NWA applications.